San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 3-8-14. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 3-8-14.

by Chuck Gillooley

The two week run of relatively favorable trends for home buyers in San Carlos definitely came to an abrupt halt last week.  Only 4 new listings hit the market, which was not nearly enough to offset the 9 homes that went pending during the same period.  The net result is that by the time of this post, we were back down to 10 homes for sale in the entire city of San Carlos, and the trend looks to be continuing downward from there.

More than half of these 10 active listings have offer dates set for sometime this coming week, so without a significant influx of new inventory we’re likely headed back to the low single-digit inventory range once again.   So don’t be shocked if you check in later in the week and see a total of 4-5 listings in all of San Carlos.  That’s definitely not good news for home buyers, who are certainly expecting more inventory now we’re well into the Spring Market.

Here are the details from last week:

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 3-8-2014:

San Carlos Housing Data 3-8-14 Prior Week
Closed Sales for the Week: 5 5
Average Sold Price: $1,495,000 $1,022,400
Average $/Sq Foot (Sold) $826 $699
Sold Price vs Orig List Price: 109% 112%
Average DOM of Closed Sales 9 11
No. of Homes Pending Sale: 30 25
No. of Active Listings: 10 16
Average Price of Active Listings: $1,479,595 $1,382,875
Average DOM of Active Listings: 10 8
Average $/Sq Foot (List) $664 $631
Active-Pending Ratio: 0.33 : 1 0.64 : 1

The San Carlos Open House Page.

If you’re looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you’ll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It’s updated continuously from the MLS, so bookmark this link and you’ll never have to wander around town looking for open houses again.

San Carlos Open House List

___________________________________________________________________

Single-Family Homes SOLD in San Carlos:

437 Hillcrest Road, San Carlos
437 Hillcrest Road, San Carlos

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

Address Sold Price Orig. List Difference Days on Market
437 Hillcrest Road $2,500,000 $1,998,888 +$501,112 (+25.1%) 12
1320 Greenwood Avenue $1,525,000 $1,450,000 +$75,000 (+5.2%) 9
55 Pine Avenue $1,400,000 $1,450,000 -$50,000 (-3.4%) 15
735 Orange Avenue $1,000,000 $1,000,000 $0 (0%) 0
953 Lupin Way $1,050,000 $949,000 +$101,000 (+10.7%) 8

Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction. (Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)

Homes Sold in San Carlos ___________________________________________________________________

San Carlos Homes Pending Sale for the Week:

The following homes went into contract his week. Click on the address to see more details:

Address DOM (days) List Price
426 Ridge Road 8 $1,089,000
918 McCue Avenue 11 $749,000
545 Walnut Street 12 $1,199,000
917 Rosewood Avenue 9 $1,179,000
878 Knoll Drive 13 $1,549,000
1382 Rosewood Avenue 7 $839,000
945 Chestnut Street 11 $2,150,000
3121 Melendy Drive 11 $1,349,000
201 Edgehill Drive 8 $849,000

Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.

(Click the “Homes Pending Sale” sign below to see ALL the homes that are Pending Sale in San Carlos.)

Homes Pending Sale in San Carlos

___________________________________________________________________

New Single-Family Home Listings in San Carlos:

231 Oakview Drive, San Carlos
231 Oakview Drive, San Carlos

Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to get the complete details.

Address List Price BR/BA Sq Ft (home/lot) Listed By
231 Oakview Drive $1,399,000 4BR/2BA 2,390/8,400 Marilyn Koron, Coldwell Banker
990 Orange Avenue $1,299,950 3BR/2BA 1,500/5,000 Justine Ford, Today Sothebys
1005 Rosewood Avenue $1,199,000 3BR/2BA 1,490/6,000 Joyce Romeo, Intero
115 Sheldon Avenue $949,000 3BR/2BA 1,270/8,640 Eddie Azzopardi, Realty World

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

Homes for Sale in San Carlos

___________________________________________________________________

Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that closed escrow this past week. Click on the address for more details:

Address Sold Price Orig. List Difference DOM

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

Condos Sold in San Carlos

___________________________________________________________________

Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week:

Address DOM (days)
7 Mayflower Lane 8
17 Iris Lane 13
3352 La Mesa Drive #6 28
8 Violet Lane 7

(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

Condos Pending Sale in San Carlos

___________________________________________________________________

New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address or all the details:

Address List Price BR/BA Sq Feet Listed By
3378 Brittan Avenue #3 $610,000 2BR/2BA 1,040 Eddie Azzopardi, Realty World

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

Condos for Sale in San Carlos

___________________________________________________________________

Want Your Info Sooner?

I post sales data during the week as it happens on the White Oaks Blog on Twitter and the White Oaks Blog Page on Facebook

———————————————-

(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

———————————————

__________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...
The San Carlos Real Estate Week in Review: 3-8-14., 5.0 out of 5 based on 3 ratings
Comments 2
  • why isn’t 1357 woodland ave on your radar? it came on the market a few weeks ago and sold after the first open house.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
    • Hi Woodland Ave Resident,

      Thanks for your comment! Actually, 1357 Woodland is indeed in the Weekly Updates. The 2-15 Week in Review has it as a new listing, and the 3-1-14 Review shows when it went pending. It hasn’t closed escrow yet, but when it does I’ll be sure to catch it in the “sold” part of the weekly updates.

      Thanks again for checking in…

      GD Star Rating
      loading...
      GD Star Rating
      loading...
Leave a comment